Yum Brands reported mixed second-quarter results with earnings per share of $1.62, slightly above expectations, and revenue of $2.17 billion, slightly below estimates. The results reflect the period before the cyclospora outbreak linked to Taco Bell's iceberg lettuce, which has since caused a significant drop in customer traffic. Yum did not provide updates on the outbreak's impact, but the crisis threatens Taco Bell's role as a growth driver. Other chains like Chipotle also saw sales declines due to consumer mistrust of fresh lettuce. Yum's Taco Bell same-store sales rose 7% in Q2, while KFC grew 2%, and Pizza Hut declined 1%. Yum recently announced selling Pizza Hut to private equity and Yum China for $2.7 billion.
Yum Brands is set to report Q2 earnings amid a cyclosporiasis outbreak linked to iceberg lettuce at Taco Bell, causing a sharp drop in customer traffic and a 5% fall in Yum's shares. Taco Bell, a key growth driver for Yum alongside KFC, has seen dail...
KFC Canada has introduced Kwench, its first beverage brand, featuring 9 specialty drinks across four categories: Krunch Shakes, Sparkling Lemonades, Boba Refreshers, and Iced Lattes. This launch marks KFC Canada's largest brand expansion and follows ...
PFK Canada has introduced Kwench, a new beverage brand offering nine specialty drinks in four categories: Krunch Shakes, Sparkling Lemonades, Pearl Tea Refreshments, and Iced Lattes. This marks PFK's first major expansion beyond its core food offerin...
Taco Bell experienced a 31% drop in customer visits on July 17 due to a cyclospora parasite outbreak linked to lettuce, far worse than the initially reported 19%. This decline was about 16 times greater than the overall fast-food industry traffic dro...
